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Indian rice exporters asked Prime Minister Modi to press the EU to delay by two years its cut in the tricyclazole residue limit for Basmati rice from 1 ppm to 0.01 ppm, due in January 2018. The Commerce Ministry planned to send a delegation to Brussels to resolve the issue.
A near-zero residue limit would effectively shut Indian Basmati out of the EU, reducing export demand and pressuring Basmati prices and farm incomes.
business-standard.comIANSJul 5, 2017After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
